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What is the company profit margin

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Question - Please help me solve the following two questions:

1. A company shows the following balances: Sales = $1000000 Sales returns and allowances = 250000 Cost of goods sold = 600000 Operating expenses = 51000. What is the company's profit margin?

2. A company shows the following balances: Sales = $970000 Sales returns and allowances = 220000 Cost of goods sold = 600000 Operating expenses = 79000. What is the gross profit margin?

Reference no: EM132751788

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